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GMTCQ GameTech International, Inc. Common Stock 4/22/2013 Bankruptcy plan effective. All shares cancelled.
http://www.otcbb.com/asp/dailylist_detail.asp?d=04/22/2013&mkt_ctg=ALL
thx. given the price action, I figured as much...
Proposed Disclosure Statement
Filed 10/10/12
http://www.scribd.com/doc/111455809/Proposed-Disclosure-Statement-10-10-12
no pm. will look into...find me on FB and I'll post there.
Ilene
I was not allowed to place a bid or ask for at least an hour this morning (GMTCQ halted?) But they seem to be back on. If sold why is GMTCQ still trading?
This is a couple weeks old, but has some insight on the sale.
http://www.whopperinvestments.com/gametech-gmtcq-the-auction-approaches
NEWS: Bankruptcy Judge Approves GameTech Sale to Yuri Itkis CFDAY GMTCQ
A bankruptcy judge approved the sale of computer bingo terminal maker GameTech International Inc. (GMTCQ) to an investment vehicle controlled by gambling industry veteran Yuri Itkis. Judge Peter J. Walsh of the U.S. Bankruptcy Court in Wilmington, Del., signed off on the $16 million sale to Yuri Itkis Gaming Trust of 1993 following a hearing Thursday. Cash-strapped GameTech filed for bankruptcy after its bank lenders sold their loans to the Las Vegas-based trust. The purchase of the loans, likely at a considerable discount, allowed the trust to credit bid, or exchange the debt, at a bankruptcy auction in order to acquire the assets. Itkis also purchased a key GameTech competitor, FortuNet Inc., in 2010. Founded in 1994, GameTech has two business units: bingo and video-lottery terminals, which make products like traditional slot machines, video poker and spinning-wheel games. The company's bingo machines can be found in 38 states and on Native American land, as well as in Canada and Japan, while its VLTs are in seven states. GameTech, based in Reno, Nev., defaulted on its secured loan in April of this year. Its turnaround consultant resigned and the company failed to file required status reports. The banks granted the company a short lifeline and then sold the debt in June. GameTech reported assets of $27.2 million and debts of $22.9 million in its Chapter 11 petition. (Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection. Go to http://dbr.dowjones.com) --Stephanie Gleason contributed to this article. Write to Patrick Fitzgerald at patrick.fitzgerald@dowjones.com. Subscribe to WSJ: http://online.wsj.com?mod=djnwires (END) Dow Jones Newswires September 28, 2012 14:18 ET (18:18 GMT) Copyright (c) 2012 Dow Jones & Company, Inc. 092812 18:18 -- GMT Story ID: SEP282012_DJB_02wM Keywords: BANKRUPTCY-RELATED FILINGS, CHAPTER 11 BANKRUPTCY FILINGS & CASES, CORPORATE ACTIONS, ALL COMPANY NEWS, CORPORATE RESTRUCTURINGS, CONSUMER CYCLICAL Symbols: CFDAY, GMTCQ
that would be great
Sweet week for sure and I like it here now.
GMTC at .026 and pinks now. Bargain? thx
Service
SUMMIT GAMING
Main Office
2476 Overland Ave.
Billings, MT 59102
sales@summitgaming.com
Service (775) 850-6425
Parts (775) 850-6426
BINGO SERVICE INFORMATION
GameTech International Corporate Office
8850 Double Diamond Parkway
Reno, Nevada 89521
Service (800) 959-1727
http://www.gametech-inc.com/careers.html
Careers
Interested in a career with GameTech? Browse through the opportunities we have available now, then take a look at the benefits we offer all of our employees.
The positions listed below are currently open. Click on the position to find more information about it. If you qualify, we want to hear from you! Please send your resume to e-mail.
* 1. Product Support Technician
* 2. Account Executive
* 3. Customer Service Technician
* 4. Regional Sales Manager
Please send your resume to e-mail.
Reno Area
Reno has the excitement of a big city, and the feel of a small town. You can visit attractions that include the National Automobile Museum, Wild Island Family Adventure Park and the Wilbur D. May Museum.
From winter to summer and every season in between, outdoor activities abound. The Reno area offers hiking, mountain biking, fly fishing on the Truckee River, golfing, 24 hour gaming and entertainment, the Reno Rodeo, Hot August Nights, The Great Reno Balloon race, The National Championship Air Races, The Best of the West Rib Cook Off and much, much more.
Just minutes from Reno is beautiful Lake Tahoe, described by humorist Mark Twain as “the fairest picture the whole earth affords." In addition to extraordinary beauty, the area boasts a wealth of fascinating history full of colorful characters and events.
For the winter enthusiast, Lake Tahoe offers such activities as snowshoeing, cross-country skiing, and snowmobiling. Lake Tahoe also boasts some of the nations top ski resorts including Squaw Valley, Heavenly Valley, and Alpine Meadows, to name a just a few. And that’s just the start of it.
With its sun-filled days, Lake Tahoe offers hikers and bikers the use of one of the most coveted hiking and biking trail, the Tahoe Rim Trail. There’s also kayaking, fishing, rock climbing, great eateries, and yes, 24 hour gaming on the Nevada side of the Lake.
A vast amount of outdoor recreation, beautiful landscapes along with simple shopping and services combine to make Reno the perfect spot to call home.
For more information on the Reno Tahoe area check out renolaketahoe.com
Benefits
GameTech offers a very comprehensive benefits package which include:*
* Comprehensive Medical, Dental and Vision Plan
* Short Term and Long Term Disability Plans
* Life Insurance
* Supplemental Life Insurance
* Flexible Spending Account
* 401(k) Plan
* Employee Assistance Program
* Educational Assistance
* Paid Time Off (PTO)
* 10 Paid Holidays
* and more...
*Benefits subject to change.
http://www.sgsummit.com/about-us
About Mississippi Casino Operators Association
MCOAlogoThe MCOA is comprised of casino operators with facilities along the Mississippi Gulf coast. Its mission is to promote the common businesses and general welfare of Mississippi's Gaming Industry; to improve the industry's service to the public, to cooperate with government officials in advancing the public interest and to improve conditions within the industry. This mission is accomplished through education, representation, legislative support and interaction, statistical data collection, and the support and promotion of the tourism industry in general. The MCOA annually produces the highly successful Southern Gaming Summit, held each Spring in Biloxi, which is credited with bringing national and international recognition to Mississippi's gaming industry. The MCOA also provides a University of Southern Mississippi scholarship through the MCOA Endowment Fund, established in 1998. To be eligible, students must study gaming or tourism at USM, and preference is given to someone already in the industry that wishes to pursue a degree in this field.
About BNP Media Gaming Group
BNPlogo
BNP Media Gaming Group is the largest and most experienced gaming industry media resource and the leading producer of trade magazines, specialized conference and expos, Web sites, e-newsletters and targeted specialty publications serving the gaming industryworldwide. BNP’s regional and niche trade shows are among the most respected in the industry, including BingoWorld, Southern Gaming Summit, Gaming Technology Summit, New York Gaming Summit, Casino Marketing Conference, New England Gaming Summit and Florida Gaming Summit.
About Casino Journal
CasinoJournalBNP Media's Casino Journal is an independent global information source serving every gaming sector. Providing solutions to real world challenges facing executives and operators in today's economic climate, our readers learn about industry trends, new technologies and how to meet changing customer expectations with clarity and concrete solutions. We bring timely and authoritative coverage via our monthly magazine (now available in either print or digital) and our three e-newsletters: Games & Technology Report, Gaming Headlines, and Products of the Week.
Our world-class editorial staff is committed to providing our readers with expert opinion, perspective, and solutions. Each month we bring our subscribers coverage of the most relevant gaming issues around the world. Exclusive industry statistics gathered by Clear Seas Research, product and property profiles, in-depth coverage of governmental, regulatory and financial issues are presented in every issue.
Casino Journal and BNP Media's Gaming Group combines print, the Internet, e-newsletters, custom publishing, live conferences and much more to provide superior information to help the gaming industry thrive and businesses to succeed.
GameTech Explorer™
Download PDFExplorer Brochure << Back To Player Units
Explorer
Specially designed to meet the needs of today’s market, the GameTech Explorer is here to set a new standard in handheld mobile gaming. The Explorer is a compact, robust, wireless handheld unit with the durability to withstand the pressures of the Bingo Setting. Moreover, it is expandable and can incorporate a variety of gaming content in addition to bingo.
* 10.2” High Resolution Touch Screen Displays
* Soft-Touch Key Pad for enhanced player interaction
* Two-way wireless technology
* Wireless card loading options
* Two high-capacity “Hot Swappable” lithium ion batteries
* Multi-color LED chaser lights around screen
http://www.sgsummit.com/home/bingo-world
Sellin Paper and Callin Balls
The always-dynamic Steve Browne from Raving Consulting returns in 2011 with an innovative new customer service workshop as part of the BingoWorld program. Sellin' Paper and Callin' Balls this year explores Conflict Management and Customer Recovery, or Dealing with Hotheads, Squeaky Wheels, and Plain Old Mean Nasty People!
Bingo University
The fifth annual Bingo University is an all-new workshop focusing on promotions for the bingo industry. This three-hour, three-session, hands-on learning experience in a classroom-style environment has the goal or providing you the tools needed to maximize the potential of your bingo hall and to create the most successful bingo operation possible. Attendees will be issued workbooks and encouraged to interact with instructors and moderators. A graduation certificate will be presented to those attending all three sessions.
Bingo Facts
* Bingo is popular around the world in all forms, including paper and electronic games played in traditional bingo halls, charitable gaming locations, and via the Internet.
* There is particularly rapid growth in Mexico and in Latin American markets, where electronic bingo has become the casino game of choice, especially when more traditional casino products are not authorized.
* In the United States, charitable bingo is played in 49 states, and estimated wagering exceeds $3 billion annually.
* Native American casinos in some 30 states offer high-stakes bingo and Class II bingo video gaming machines.
* In Canada, charitable bingo is played in every Canadian province and territory, and electronic linked bingo is providing a model for growth for other countries.
Look who is coming to the Southern Gaming Summit!
Superb Entertainment!
The Tip Tops
The Taste of the Casinos on May 4 is the most anticipated event at Southern Gaming Summit and BingoWorld! A feast for all the senses, the dinner offers buffet-style choices from many of the renowned chefs at the Gulf Coast casino properties. This year, the entertainment will be provided by The Tip Tops, a high energy dance and show band based out of Mobile, Alabama. Their musical emphasis is Motown, Soul and Funk.
Who Attends Southern Gaming Summit?
* Executives and officials from all types of gaming operations, including commercial and tribal casinos, racetracks, racetrack casinos and charitable gaming
* Regulators and legislators interested in the gaming industry
* Local officials, including tourism and hospitality leaders, who understand the importance of the gaming and hospitality industries
* Consultants and analysts who follow gaming and know the value of the largest regional gaming market outside of Nevada
* Gaming and hospitality industry suppliers who want to reach an audience of thousands in the exhibit hall
They all come together in Biloxi, where Southern hospitality meets unparalleled educational and networking opportunities.
Southern Gaming Summit is produced by Mississippi Casino Operators Association, in conjunction with BNP Media Gaming Group.
View the Exhibit Hall Floor Plan (updated March 31, 2011)
http://www.sgsummit.com/exhibitors-and-sponsors/exhibitor-list
Booth #
AC Coin & Slot 618
American Hotel & Lodging Educational Institute 926
Anheuser-Busch/Rex Distributing 834
Aristocrat Technologies, Inc. 812
Aruze Gaming America Inc. 1008
ATRONIC 420
Axis Communications 1001
Bally Technologies 508
Biloxi Paper Co. 732
Bingo Bugle Newspaper 118
Capital Bingo 434
Carnival Corporation 1013
Casino City Press 430
CasinoRecruiter.com 633
Casino Software Solutions, LLC 220
Certegy 1015
Clarence J Venne, LLC 922
Coca-Cola Company, The 727
Cummins-Allison Corp. 724
Cuningham Group 527
Digital Display Group 1011
DiTronics Financial Services 115
Dynasty Games 328
Economical Janitorial & Paper Supplies 931
E-Seek Incorporated 632
F.E.B. Distributing 532
First American Bankcard, Inc. 735
Franklin Press, Inc. 833
FutureLogic 520
GameTech International 304
Gaming Arts, LLC 924
Gaming Informatics 106
Gaming Tickets Inc. 626
Gary Platt 629
Gasser Chair 222
Gateway Gaming Systems 324
Giesecke & Devrient 925
GLI- Gaming Laboratories Int'l 218
Global Cash Access 520
Glory USA 320
Harrison County Tourism Commission 304
Harvest Trends 635
Hayes Specialties Corp. 100
Honeywell Video Systems 108
IGT 704
Incredible Technologies 818
Interblock 910
JCM Global 829
Booth #
Kern International 328
Konami Gaming, Inc. 716
Littlefield Corporation 326
Majestic Industries 420
MEI 520
Micros Systems, Inc. 529
Mississippi Hotel & Lodging Association 124
Modern Gaming 520
Morse Watchmans Inc. 114
Mr. Chips 016
MS Council on Problem/Compulsive Gambling 928
Multimedia Games, Inc. 904
Newell Paper Co. 535
New Wave Automation 428
NRT Technology 824
NVT, Network Video Tech 828
Oreck Vacuum 101
Orkin Commercial Services 104
Osram Sylvania Inc. 1019
Pixus 1204
Planet Bingo 624
Plastic Graphic 826
Resort Advantage 628
Rymax Marketing Services 1018
S & D Coffee 728
S-One Gaming 533
SCA 426
Sightline Payments 224
Simon Property Group 634
Skywire Media 432
Slot-Tickets 210
Southwest Surveillance Systems 835
SportGame, Inc. 631
Sunkist Graphics 1207
Suzo-Happ 414
TC Millwork 420
Tech Results 200
Technical Security Integration, Inc. 1105
Technology Exclusive 1014
Toomey's Mardi Gras 204
Transact Technologies 212
Triton Systems of Delaware 1103
Tskorman Productions, Inc. 734
US Bank / Global Payments 109
Vantage Apparel 214
Video King 923
VSR Industries, Inc. 119
WMS
BingoWorld/Southern Gaming Summit will be held May 4-5, 2011
The 2011 event will again be held at the Mississippi Coast Coliseum & Convention Center in Biloxi.
The joint event brings new life and excitement to BingoWorld! By co-locating with Southern Gaming Summit, the largest regional gaming conference and trade show in the country, BingoWorld attendees can experience all that the South has to offer.
A great new conference program has been developed, headlined by an all-new customer service workshop from cult favorite Steve Browne. And exhibit space is going fast, so reserve your booth today!
GameTech International Announces the Debut of SLINGO(R) Jokers Wild on the GameTech EDGE Bingo System(TM) at Mohawk Bingo Palace
RENO, Nev., March 17, 2011 /PRNewswire via COMTEX/ -- GameTech International, Inc. (Nasdaq: GMTC), a leading supplier of electronic bingo equipment and video lottery terminals, announced today that Mohawk Bingo Palace is the first in the world to offer SLINGO(R) Jokers Wild, which is a bingo version of Classic SLINGO(R) designed to bring new excitement to the classic game of session bingo. Mohawk Bingo Palace, located in Hogansburg, New York, is now operating the latest version of the GameTech EDGE Bingo System(TM), which allows them to offer electronic and paper versions of SLINGO(R) Jokers Wild.
This is the first in a series of Slingo(R) branded bingo games currently in development by GameTech International. Commenting on GameTech's launch of the SLINGO(R) Jokers Wild game, Rich Roberts, CEO of Slingo, Inc., stated, "The core Slingo game is the perfect complement to expand the world of bingo entertainment. Everyone at Slingo, Inc. is extremely excited about the partnership with GameTech and the potential for the Slingo brand to tap into a new community."
GameTech's decision to debut SLINGO(R) Jokers Wild on the GameTech EDGE Bingo System(TM) at Mohawk Bingo Palace was made based on Mohawk Bingo Palace's leading edge approach to managing a 620 seat bingo hall, and, GameTech's strong relationship with both the bingo hall and its distributor, Ralston Supply Center, Inc. Mohawk Bingo Palace is utilizing GameTech's integrated modules to manage its bingo sales, bingo game, inventory control, secured money management, auditing, and reporting as well as bingo player tracking and loyalty marketing activities for bingo play. Mohawk Bingo Palace was also among the first in the world to premiere GameTech's newest wireless hand held electronic bingo device - the GameTech Explorer(TM).
John MacClain, General Manager of Mohawk Bingo Palace, commented, "Innovation and new technology is something that keeps today's bingo player engaged and excited. Being first to market in the implementation of all of GameTech's bingo solutions will grow our business and help us become New York's best bingo hall. Mohawk Bingo Palace is preparing to celebrate our 26th Anniversary with a High Stakes session. We plan to use SLINGO(R) Jokers Wild to help set the stage for our $100,000 event on May 1st."
"We are excited to be a partner with Mohawk Bingo Palace in our first efforts to bring a well-known, powerfully branded product into the traditional bingo market," said Steve Smallman, Executive Vice President for Product, Sales and Marketing. "SLINGO(R) Jokers Wild adds the appealing element of extra chances to daub numbers and win faster when jokers are hit on each column of a bingo card and a super joker that plays on any square of the bingo card. When a player bingos on SLINGO(R) Jokers Wild, the thrill of winning is intensified on the Explorer(TM) device with its racing LED lights, sound, and exciting animation."
GameTech International, Inc. is in the business of designing, manufacturing, and marketing computerized bingo and gaming equipment, systems, and services. Under the GameTech(R) product brand the company provides electronic bingo systems and equipment, and is an innovator in advanced wireless gaming applications and devices. Under the Summit Gaming(TM) product brand the Company provides video lottery terminal devices, gaming equipment, and related software and content. GameTech International, Inc. serves customers in more than forty U.S. States, Canada, Japan, Norway, Philippines, and the United Kingdom. The company was incorporated in 1994 and is headquartered in Reno, Nevada.
"Slingo" is a registered trademark of Slingo, Inc. Slingo, Inc. develops and licenses the intellectual property for the Slingo(R) brand of games. As a digital interactive entertainment company and thought-leader in the casual games industry, Slingo Inc. licenses to partners world-wide for use with: free online game sites, downloadable games, lottery tickets, casino slot machines, casino table games, a television game show, interactive television, mobile phone games, and most digital interactive mediums. People can play games including Slingo and other original free online games as well as join the social networking community and enter sweepstakes for a chance to win cash prizes by visiting - http://www.slingo.com
See what Slingo casino games are available at a casino near you by visiting - http://www.slingogaming.com
SOURCE GameTech International, Inc.
www.prnewswire.com
Copyright (C) 2011 PR Newswire. All rights reserved
-0-
KEYWORD: Nevada
INDUSTRY KEYWORD: CNO
TRA
GAM
SUBJECT CODE: PDT
LIC
GameTech Announces Stock Listing Transfer from NASDAQ Global Market to NASDAQ Capital Market
RENO, Nev., Feb. 2, 2011 /PRNewswire via COMTEX/ -- On February 2, 2011, GameTech International, Inc. ("GameTech" or the "Company") (Nasdaq: GMTC), a leading designer, developer and marketer of interactive electronic bingo equipment, bingo systems, and video lottery terminals, announced that on January 28, 2011, the Company received notice that the NASDAQ Stock Market, LLC ("Nasdaq") had approved the Company's application to transfer its common stock from the Nasdaq Global Market (the "Global Market") to the Nasdaq Capital Market (the "Capital Market"). In connection with the transfer to the Capital Market, on February 1, 2011, Nasdaq notified the Company that it had granted the Company an additional 180 calendar days, or until August 1, 2011, to regain compliance with the $1.00 per share minimum closing bid price requirement for continued listing on the Nasdaq Capital Market.
The Company's common stock began trading on the Capital Market, and ceased trading on the Global Market, at the opening of business, February 1, 2011. The trading symbol for the Company's common stock remains "GMTC." According to Nasdaq, the Capital Market operates in substantially the same manner as the Global Market.
GameTech International, Inc. is in the business of designing, developing, manufacturing, and marketing interactive computerized bingo equipment and systems, video lottery terminals, slot machine gaming devices, and related software. GameTech International, Inc. is an innovator in advanced wireless gaming applications and devices as well as software and content for traditional slot machine games. GameTech International, Inc. serves customers in 40 U.S. states, Canada, Japan, and the United Kingdom. The company was incorporated in 1994 and is headquartered in Reno, Nevada.
Statements in this press release that are not historical facts are intended to be forward-looking statements subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. GameTech cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors may include risks associated with doing business in a regulated industry, our ability to retain customers and secure new customers, risks associated with rapid technological change, and those disclosed in documents filed by the Company with the Securities and Exchange Commission, including the Company's most recently filed Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. GameTech does not intend, and undertakes no obligation, to update our forward-looking statements to reflect future events or circumstances.
SOURCE GameTech International, Inc.
www.prnewswire.com
Copyright (C) 2011 PR Newswire. All rights reserved
-0-
KEYWORD: Nevada
INDUSTRY KEYWORD: CNO
TRA
LEI
CPR
IBOX IS NOW UPDATED
WAVERIDER$
Bonus Email In Full Color and Will Not Be Emailed Off IHUB Till Wednesday
Retirement account needed a new NASDAQ stock
Please all let me know what you think and I will not release this on the IHUB till this evening
Hello all and here is the introductory color email I have promised.
I choose to use a company that has a bunch to offer the longs and will add the benefit of many pictures in between the great information presented.
This company is on the NASDAQ now and from what I have projected below is in line to increase the revenues by 25% per quarter now and turn from losing profit to a profitable company this next year.
Please take the time to review the quarterly report below and all the information and I feel this will generate much excitement as we get a return on investment.
I also feel for those that go to casino's this one will be a great one to hold as many of the casino's are now being built or changing games the next year.
They seem to have the finances in place and I do like the balance sheet as it shows responsibility by the management
Now let me say this up front.
This is the NASDAQ Market and it will only take one analyst to notice what I feel is a gem in the rough to project this company into the dollars.
I do see them getting a green EPS this next quarter of .02 to .04 a share and project revenues to exceed eleven to 12 million million dollars now
Projected revs are up against a down quarter of 9 million plus now.
I see this increased revs the next three quarters based on 2010 quarterlies
Enjoy exploring this new company on The NASDAQ
Dave
Here are the financial and this is a low float NASDAQ stock that needs to return over a dollar now. From looking at the Fins I think they have the power to do this now very soon. With exposure even sooner now.
The company has over forty million in assets now and that is down six million while at the same time they reduced the liabilities almost the same.
There are only fourteen million shares on the market as of this last report and the A/S is only forty million also.
They have grown there revs by about 25% year over year for this quarter and have decreased there costs while increasing the revenues.
They have also reduced the loss in decreasing costs by .06 a share from a loss of .08 last year to a loss of .02 this year.
I do believe they are now moving the costs lower on reduced R&D costs and now getting a return on the investment here.
GameTech International, Inc. GMTC : Nasdaq
http://www.gametech-inc.com/
Class III / VLT
GameTech offers a wide array of Class III / VLT gamesand cabinets that are entertainment driven and proven profitable. Click on any of the following to learn more.
KENOS
Big 6
Big Dawg
Classic Keno
Cow Abduction
Decorating for Dollars
Gamblers Edge
Gold Works
Lucky Bonus
Miner's Treasure
MT Choppers
MT Progressive
Ole's Treasure
Peter Jacobsen
Pick 5 Powr Play
Power Hit Plus
Powr Way
SD Choppers
Spies
Spill Over
Super Big Dawg
Super Power Play
Sweet Success
Tom Kat Keno
Top Dog
Treasure Hunt
Vault of Gold
Wild Ways
POKERS
Big 6
Bonus Poker
Cascade Poker Two Hand
Crazy Pays
Decorating for Dollars
Deluxe Wild Biker
Demolition Poker
Double Double Bonus Poker
Double Bonus Poker Jackpot
Deuces Wild
Gamblers Edge
Hot Flush
Jacks or Better
Jackpot Aces Progressive
Joker Poker
Jokers Jackpot
Payline Poker
Peter Jacobsen
Pay It Again Poker
Poker Dogs
Power Deuces
Spillover
Treasure 7's
Wild Biker
Wild Mudbug
Wild Widow
REELS
Dragons Gate
Jukebox Jungle
Krazy Klown
Raging Rubies
Sands of Time
Treasure Hunt
Cabinets
GameTech offers a wide array of cabinets that are entertainment driven and proven profitable. Click on any of the following to learn more.
SLOT CABINETS
Royal Touch - Casino Station
Royal Touch - Bar Top Drop In
Royal Touch - Casino Upright
Royal Touch - Slant Top
Royal Touch - Chop Top
MegaPlex/Gamblers Edge - Upright
MegaPlex/Gamblers Edge - Slant Top
MaxVision
Meridian I22
Max vision
MaxVision™
Model: GT9000
High resolution
Wide Screen LCD
Player Units
GameTech offers a wide array of player units that are entertainment driven and proven profitable. Click on any of the following to learn more.
UNITS
Traveler II
Traveler
Tracker
Ted 2 C
Ted
Explorer
Diamond Edge
Diamond Pro
Supersize
Vivid View Fixed Base
B3 - Big Bad Bingo
Download PDFB3 Brochure << Back To Games
Travler
Cutting-Edge Technology, Performance and Design.
A Powerful Combination of Technology and Fun GameTech B3 ~ Big Bad Bingo™ is a suite of games that combines innovative game play, fun graphics and sophisticated scalable technology to produce a fast-paced, gripping gaming experience that will keep your players coming back time and again. With its overall design, clever bonus features, personalized play extras and automated administration, Big Bad Bingo™ is designed to offer a premium—and profitable— gaming experience for everyone.
* Plays on random ball call
* Plays on manual ball call
* Supports paper play
Bingo Systems
GameTech offers a wide array of bingo systems that are entertainment driven and proven profitable. Click on any of the following to learn more.
SYSTEMS
Edge
Alltrak 2
Diamond
Virtual Flashboard
Games
GameTech offers a wide array of games that are entertainment driven and proven profitable. Click on any of the following to learn more.
GAMES
B3 - Big Bad Bingo
Crystal Ball Bingo
GameTech’s Server-based gaming system
GameTech offers a wide array of gaming systems that are entertainment driven and proven profitable. Click on any of the following to learn more.
GAMING SYSTEM
GameTech’s Server-based gaming system
Directors
Richard Irvine
Director
Scott Shackelton
Director
Don Whitaker
Director
Kevin Y. Painter
Director
Executive Management
Bill Fasig
Chief Executive Officer
Andy Robinson
Senior Vice President and Chief Financial Officer
Steve Smallman
Executive Vice President of Product, Sales and Marketing
Justin K. Goodman
Senior Vice President of Research and Development
Corp Governance
(All Files provided in Adobe PDF format.)
Corporate Governance Guidelines
Code of Conduct
Code of Ethics for the CEO and Senior Financial Officers
Audit Committee Charter
Compensation Committee Charter
Nominations Committee Charter
Whistleblower
GameTech works with an independent third party for confidentiality. Please use any of the information below for whistleblower reporting.
Email: whistle@fulcrum.com
Website: www.fulcrumfinancial.com/gametech.htm
Fax #: 213-891-1300
U.S. Mail: Fulcrum Financial Inquiry LLP
Whistleblower Department
888 S. Figueroa St., Suite 2000
Los Angeles, CA 90017
Press
Fiscal Year 2011
03/29/2011 GameTech International Receives NASDAQ Notice Relating to its Late Form 10-Q
03/16/2011 GameTech International announces the debut of SLINGO® Jokers Wild on the GameTech EDGE Bingo System™ at Mohawk Bingo Palace
02/02/2011 GameTech Announces Stock Listing Transfer from NASDAQ Global Market to NASDAQ Capital Market
01/12/2011 GameTech Announces Quarterly Filing of Q3 Fiscal Year 2010 Financial Results with the SEC
Fiscal Year 2010
Careers
Interested in a career with GameTech? Browse through the opportunities we have available now, then take a look at the benefits we offer all of our employees.
The positions listed below are currently open. Click on the position to find more information about it. If you qualify, we want to hear from you! Please send your resume to e-mail.
* 1. Product Support Technician
* 2. Account Executive
* 3. Customer Service Technician
* 4. Regional Sales Manager
Please send your resume to e-mail.
Contact Us
Thank you for visiting our Web Site! We appreciate your questions and comments and will make every effort to answer your inquiries.
GameTech International
8850 Double Diamond Parkway
Reno, Nevada 89521
Main Phone Number: 1-800-487-8510
Main Fax: 775-850-6199
Product Support: 1-800-959-1727
Summit a division of GameTech: (406) 652-3239
For general inquiries by email: inquiries@gtiemail.com
For career opportunities by email: jobs@gtiemail.com
For investor relations inquiries by email: investorrelations@gtiemail.com
For Compliance & Business Affairs inquiries by email: compliance@gtiemail.com
$THE WAVE (WAVERIDER$)
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The Weathervane
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Cubed__ Stock Underground
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GameTech International Inc. (GMTC)
http://investorshub.advfn.com/boards/board.aspx?board_id=12279
GameTech International, Inc. GMTC : Nasdaq
http://www.otcmarkets.com/stock/GMTC/company-info
Common Stock
* 0.2995
* 0.0245 ( 8.90%)
* Trade Time 9:31 AM ET
Contact Info
* 900 Sandhill Road
* Reno, NV, 89521
*
* Website: http://www.gametech-inc.com
* Phone: (775) 850-6000
Update Company Info
Business Description
Not Available
Financial Reporting/Disclosure
Reporting Status U.S. Registered & Reporting: SEC Filer
Audited Financials Not Available
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001045014
Fiscal Year End 10/31
OTC Market Tier Not Available
Profile Data
SIC - Industry Classification Not Available
Incorporated In: DE, USA
Year of Inc. Not Available
Employees Not Available
Company Officers
Bill Fasig President, CEO
Suzanne Chennault CFO, Treasurer, Secretary
Company Directors
Richard Fedor Chairman
GMTC Security Details
Share Structure
Market Value1 $3,219,224 a/o Apr 18, 2011
Shares Outstanding 11,706,269 a/o Mar 05, 2009
Float Not Available
Authorized Shares Not Available
Par Value Not Available
Shareholders
Shareholders of Record 132 a/o Jan 30, 2009
Corporate Actions
Ex. Date Record Date Pay Date
Dividend () Dec 22, 2004 Dec 27, 2004 Jan 11, 2005
Dividend (0.03) Dec 22, 2004 Dec 27, 2004 Jan 11, 2005
Dividend (0.03) Sep 16, 2004 Sep 20, 2004 Oct 01, 2004
Security Notes
Short Selling Data
Short Interest 4,972 (-85.48%)
Dec 15, 2010
Significant Failures to Deliver No
Transfer Agent(s)
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Not Available
Investor Relations Firm
Not Available
Outside News Sources
Publish Date Headline
Mar 29, 2011 GameTech International Receives NASDAQ Notice Relating to its Late Form 10-Q
Mar 17, 2011 GameTech International Announces the Debut of SLINGO(R) Jokers Wild on the GameTech EDGE Bingo System(TM) at Mohawk Bingo Palace
Feb 2, 2011 GameTech Announces Stock Listing Transfer from NASDAQ Global Market to NASDAQ Capital Market
SEC Filings
Form Type Received Period Ending Size Report
8-K Apr 18, 2011 Apr 13, 2011 34.0 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
10-Q Mar 30, 2011 Jan 30, 2011 625.5 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
8-K Mar 29, 2011 Mar 23, 2011 31.5 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
NT 10-Q Mar 17, 2011 Mar 17, 2011 46.4 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
3 Mar 11, 2011 Mar 1, 2011 17.9 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
3 Mar 11, 2011 Mar 1, 2011 19.0 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
DEF 14A Mar 7, 2011 Mar 7, 2011 667.8 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
8-K Mar 7, 2011 Mar 1, 2011 33.6 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
10-K Feb 15, 2011 Oct 31, 2010 1.4 MB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
SC 13G/A Feb 15, 2011
109.2 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS
I am looking for the revs to continue to
GAMETECH INTERNATIONAL, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except shares and per share amounts)
January 30, 2011
October 31, 2010
(Unaudited)
ASSETS
Current assets:
Cash and equivalents
$ 1,085 $ 2,017
Restricted cash
1,588 3,789
Accounts receivable, net of allowances of $2,948 and $3,063
3,710 3,409
Income taxes receivable
2,949 2,963
Inventories
2,756 4,285
Prepaid expenses and other
1,089 1,020
13,177 17,483
Assets held for sale
7,273 7,718
Bingo equipment, furniture and other equipment, net
7,669 8,379
Goodwill
10,184 10,184
Intangibles, less accumulated amortization of $11,325 and $10,873
2,557 2,996
$ 40,860 $ 46,760
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt
$ 25,580 $ 27,554
Interest rate swap
939 1,185
Accounts payable
1,315 1,659
Accrued payroll and related obligations
919 1,040
Income taxes payable
1,299 1,268
Deferred revenue
6 2,891
Other accrued liabilities
1,416 1,640
31,474 37,237
Stockholders’ equity:
Common stock, $0.001 par value: 40,000,000 shares authorized; 14,480,537 shares issued
14 14
Additional paid in capital
52,237 52,154
Accumulated deficit
(30,603 ) (30,315 )
Treasury stock, at cost, 2,659,010 and 2,673,844 shares
(12,262 ) (12,330 )
9,386 9,523
$ 40,860 $ 46,760
See notes to unaudited consolidated financial statements
- 1 -
GAMETECH INTERNATIONAL, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
13-week period ended
January 30, 2011
January 31, 2010
Net revenues
$ 10,102 $ 8,414
Cost of revenues
4,932 3,302
Gross profit
5,170 5,112
Operating expenses:
General and administrative
1,955 2,774
Sales and marketing
1,824 2,641
Research and development
972 1,358
Impairment loss, assets held for sale
445 -
5,196 6,773
Loss from operations
(26 ) (1,661 )
Other income (expense):
Interest expense
(387 ) (428 )
Other, net
172 467
Loss, before income taxes (benefit)
(241 ) (1,622 )
Income taxes (benefit)
47 (627 )
Net loss
$ (288 ) $ (995 )
Basic and diluted net loss per share
$ (0.02 ) $ (0.08 )
Shares used in calculating basic and diluted net loss per share
11,815 11,736
See notes to unaudited consolidated financial statements
- 2 -
GAMETECH INTERNATIONAL, INC.
UNAUDITED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In thousands, except share amounts)
Common Stock
Additional Paid in
Accumulated
Treasury Stock
Shares
Amount
Capital
Earnings (Deficit)
Shares
Amount
Total
Balances at November 1, 2010
14,480,537 $ 14 $ 52,154 $ (30,315 ) 2,673,844 $ (12,330 ) $ 9,523
Forfeiture of restricted stock
- - - - - - -
Restricted stock issued
- - (68 ) - (14,834 ) 68 -
Stock based compensation
- - 151 - - - 151
Net loss
- - - (288 ) - - (288 )
Balances at January 30, 2011
14,480,537 $ 14 $ 52,237 $ (30,603 ) 2,659,010 $ (12,262 ) $ 9,386
Balances at November 2, 2009
14,480,537 $ 14 $ 51,942 $ (9,959 ) 2,744,672 $ (12,657 ) $ 29,340
Forfeiture of restricted stock
- - (25 ) - - - (25 )
Stock based compensation
- - 147 - - - 147
Net loss
- - - (995 ) - - (995 )
Balances at January 31, 2010
14,480,537 $ 14 $ 52,064 $ (10,954 ) 2,744,672 $ (12,657 ) $ 28,467
See notes to unaudited consolidated financial statements
(In thousands, except per share amounts)
13-week period ended
January 30, 2011
January 31, 2010
Weighted average number of shares outstanding
11,815 11,736
Incremental shares from the assumed exercise of dilutive stock options
67 -
Dilutive weighted shares
11,882 11,736
Weighted average number of anti-dilutive shares outstanding
752 279
In all periods included above, the effect of dilutive weighted shares are anti-dilutive due to net losses in such periods.
Gametech International Incorporated
$ 0.29
GMTC
0.02
Daily Short Sale Volume - NEW
view
Short Interest (Shares Short)
8,900
Days To Cover (Short Interest Ratio)
0.3
Short Percent of Float
view
Naked Short Selling List - NEW
view
Short Interest - Prior
8,200
Short % Increase / Decrease
8.54
Short Squeeze Ranking™
view
% From 52-Wk High ($ 2.19 )
-86.58 %
% From 52-Wk Low ($ 0.22 )
33.64 %
% From 200-Day MA ($ 0.40 )
-26.50 %
% From 50-Day MA ($ 0.33 )
-10.91 %
Price % Change (52-Week)
-83.48 %
Shares Float
view
Total Shares Outstanding
10,000,000
% Owned by Insiders
36.87%
% Owned by Institutions
11.80%
Market Cap.
$ 3,000,000
Trading Volume - Today
400
Trading Volume - Average
29,600
Trading Volume - Today vs. Average
1.35 %
Earnings Per Share
-1.67
PE Ratio
0.00
Record Date
2011-AprA
Disclosure The Wave Team
The Wave Team are all non-paid non-professionals with many years of activity in both short and long term investments. The stocks offered by the wave team are simple suggestions based on extensive research and we remind all those that choose to buy to perform due diligence on each and every stock pick. All WAVE picks are geared towards medium & long term investors so place your buy based on a price that you perceive to be acceptable to your portfolio. Speed is not as critical on the buy as timing based on the L2 and the present price compared to growth potential. As a team we will strive to present the best companies the otcbb has to offer and in time will do the same on the other markets. Due to the volatility of the markets, we do not guarantee all stocks will grow as fast as others. We are a team of analysts, and unfortunately there is not a psychic present at this time. While our picks may present many trading options quickly, it is our goal to find companies that are looking to increase shareholder from a long-term perspective.
Please make your decision to buy or not to buy based on information that you acquire thru your own due diligence.
GMTC~~~GameTech International, Inc. is in the business of designing, developing, manufacturing, and marketing interactive computerized bingo equipment and systems, video lottery terminals, slot machine gaming devices, and related software.
GameTech International, Inc. is an innovator in advanced wireless gaming applications and devices as well as software and content for traditional slot machine games.
GameTech International, Inc. serves customers in 40 U. S. states, Canada, Japan, and the United Kingdom. The company was incorporated in 1994 and is headquartered in Reno, Nevada.
m1999
looks like insider transactions form the form 4 filings!! may be going somewhere
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7627940
that 8k worries me though. think they will report on or before jan.
31?
actually, the last reports i could find are from back in may. no 3rd quarter;y reports???
i believe the O/S is still @ just under 12mm. the form 4 filed january 6th states charles gobson owning 10% more of the company with 1182209 shares.
10x 1,182,209= 11,822,090
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7647458
GMTC~~~~The GameTech EDGE Bingo System™ will include both electronic and paper versions of the Classic SLINGO® game and other Slingo branded games, which will include the initial release of SLINGO® Joker's Wild, a game designed to bring new excitement to the classic game of session bingo.
This will be the first in a series of Slingo branded bingo games currently in development by GameTech. Steve Smallman, Senior Vice President and General Manager, is quoted to say, "As long-time innovators, we are excited to be the first supplier in electronic bingo to bring a well-known, powerfully branded product into the traditional bingo market.
SLINGO®, with its strong on-line presence, is the perfect partner to both engage new players and bring them into physical bingo locations. GameTech looks forward to our first of many SLINGO® Joker's Wild installations in anticipation of enhanced game satisfaction for players and operators alike."
http://ih.advfn.com/p.php?pid=nmona&article=45199419
m1999
RENO, Nev., Nov. 11, 2010 /PRNewswire/ -- GameTech International, Inc. (Nasdaq: GMTC), a leading supplier of electronic bingo equipment and video lottery terminals, today announced the release of a bingo version of Classic SLINGO® on the new GameTech EDGE Bingo System™. Pursuant to the agreement with Slingo Incorporated, the creator of the Slingo brand of games and one of the most successful casual game companies in the last ten years.
GameTech will release a series of Slingo branded bingo products to include a bingo version of Classic SLINGO® and other Slingo branded games on the new GameTech EDGE Bingo System™.
An estimated 55 million Americans* have been exposed to the Slingo brand and proprietary Slingo games through www.slingo.com. "Adding Slingo branded bingo games to the GameTech EDGE™ system is a major accomplishment for Slingo Inc. We look forward to a successful relationship with GTI as well as bringing new games to traditional bingo halls and bingo players everywhere," said Rich Roberts, CEO of Slingo Inc.
http://ih.advfn.com/p.php?pid=nmona&article=45199419
m1999
GMTC~~~Company Overview: GameTech International, Inc. is in the business of designing, manufacturing, and marketing computerized bingo and gaming equipment, systems, and services.
Under the GameTech® product brand the company provides electronic bingo systems and equipment, and is an innovator in advanced wireless gaming applications and devices.
Under the Summit Gaming™ product brand the Company provides video lottery terminal devices, gaming equipment, and related software and content.
GameTech International, Inc. serves customers in 43 U.S. States, Canada, Japan, Mexico, Norway, Philippines, and the United Kingdom. The company was incorporated in 1994 and is
http://ih.advfn.com/p.php?pid=nmona&article=45249117
m1999
GameTech International, Inc. (Nasdaq: GMTC), a leading supplier of electronic bingo equipment and video lottery terminals, today commented on a recent increase in the volume and price of its common stock on the NASDAQ Global Market.
http://ih.advfn.com/p.php?pid=nmona&article=45249117
m1999
I think something hinky happened with that stock...looking at the sec filings and lack there of...Plus the volume and pps spike followed by the CEO saying "I have no idea why what is happening is happening"
SHARES OUTSTANDING 11.8M; less than 5 mil. in market cap.
11m O/S~ how so?
Gone with the wind; this one is done.
I almost got hit in the head with a shingle as I was running out...
Followers
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GameTech offers a wide array of Class III / VLT gamesand cabinets that are entertainment driven and proven profitable. Click on any of the following to learn more.
GameTech offers a wide array of cabinets that are entertainment driven and proven profitable. Click on any of the following to learn more.
SLOT CABINETS Royal Touch - Casino Station Royal Touch - Bar Top Drop In Royal Touch - Casino Upright Royal Touch - Slant Top Royal Touch - Chop Top MegaPlex/Gamblers Edge - Upright MegaPlex/Gamblers Edge - Slant Top MaxVision Meridian I22 | MaxVision™Model: GT9000High resolution Wide Screen LCD |
GameTech offers a wide array of player units that are entertainment driven and proven profitable. Click on any of the following to learn more.
UNITSCutting-Edge Technology, Performance and Design.
A Powerful Combination of Technology and Fun GameTech B3 ~ Big Bad Bingo™ is a suite of games that combines innovative game play, fun graphics and sophisticated scalable technology to produce a fast-paced, gripping gaming experience that will keep your players coming back time and again. With its overall design, clever bonus features, personalized play extras and automated administration, Big Bad Bingo™ is designed to offer a premium—and profitable— gaming experience for everyone.
GameTech offers a wide array of bingo systems that are entertainment driven and proven profitable. Click on any of the following to learn more.
SYSTEMSGameTech offers a wide array of games that are entertainment driven and proven profitable. Click on any of the following to learn more.
GAMESGameTech offers a wide array of gaming systems that are entertainment driven and proven profitable. Click on any of the following to learn more.
GAMING SYSTEMRichard Irvine
Director
Scott Shackelton
Director
Don Whitaker
Director
Kevin Y. Painter
Director
(All Files provided in Adobe PDF format.)
Corporate Governance Guidelines
Code of Ethics for the CEO and Senior Financial Officers
GameTech works with an independent third party for confidentiality. Please use any of the information below for whistleblower reporting.
Email: | whistle@fulcrum.com |
Website: | www.fulcrumfinancial.com/gametech.htm |
Fax #: | 213-891-1300 |
U.S. Mail: | Fulcrum Financial Inquiry LLP |
Whistleblower Department | |
888 S. Figueroa St., Suite 2000 | |
Los Angeles, CA 90017 |
Interested in a career with GameTech? Browse through the opportunities we have available now, then take a look at the benefits we offer all of our employees.
The positions listed below are currently open. Click on the position to find more information about it. If you qualify, we want to hear from you! Please send your resume to e-mail.
Please send your resume to e-mail.
GameTech International
8850 Double Diamond Parkway
Reno, Nevada 89521
Main Phone Number: 1-800-487-8510
Main Fax: 775-850-6199
Product Support: 1-800-959-1727
Summit a division of GameTech: (406) 652-3239
For career opportunities by email: jobs@gtiemail.com
For investor relations inquiries by email: investorrelations@gtiemail.com
For Compliance & Business Affairs inquiries by email: compliance@gtiemail.com
Not Available
Reporting Status | U.S. Registered & Reporting: SEC Filer |
Audited Financials | Not Available |
Latest Report | Not Available |
Regulatory Agency | Not Available |
CIK | 0001045014 |
Fiscal Year End | 10/31 |
OTC Market Tier | Not Available |
SIC - Industry Classification | Not Available |
Incorporated In: | DE, USA |
Year of Inc. | Not Available |
Employees | Not Available |
Bill Fasig | President, CEO |
Suzanne Chennault | CFO, Treasurer, Secretary |
Richard Fedor | Chairman |
Market Value1 | $3,219,224 | a/o Apr 18, 2011 |
Shares Outstanding | 11,706,269 | a/o Mar 05, 2009 |
Float | Not Available | |
Authorized Shares | Not Available | |
Par Value | Not Available |
Shareholders of Record | 132 | a/o Jan 30, 2009 |
Ex. Date | Record Date | Pay Date | |
---|---|---|---|
Dividend () | Dec 22, 2004 | Dec 27, 2004 | Jan 11, 2005 |
Dividend (0.03) | Dec 22, 2004 | Dec 27, 2004 | Jan 11, 2005 |
Dividend (0.03) | Sep 16, 2004 | Sep 20, 2004 | Oct 01, 2004 |
Short Interest | 4,972 (-85.48%) Dec 15, 2010 |
Significant Failures to Deliver | No |
Form Type | Received | Period Ending | Size | Report |
---|---|---|---|---|
8-K | Apr 18, 2011 | Apr 13, 2011 | 34.0 KB | PDF RTF HTML XLS |
10-Q | Mar 30, 2011 | Jan 30, 2011 | 625.5 KB | PDF RTF HTML XLS |
8-K | Mar 29, 2011 | Mar 23, 2011 | 31.5 KB | PDF RTF HTML XLS |
NT 10-Q | Mar 17, 2011 | Mar 17, 2011 | 46.4 KB | PDF RTF HTML XLS |
3 | Mar 11, 2011 | Mar 1, 2011 | 17.9 KB | PDF RTF HTML XLS |
3 | Mar 11, 2011 | Mar 1, 2011 | 19.0 KB | PDF RTF HTML XLS |
DEF 14A | Mar 7, 2011 | Mar 7, 2011 | 667.8 KB | PDF RTF HTML XLS |
8-K | Mar 7, 2011 | Mar 1, 2011 | 33.6 KB | PDF RTF HTML XLS |
10-K | Feb 15, 2011 | Oct 31, 2010 | 1.4 MB | PDF RTF HTML XLS |
SC 13G/A | Feb 15, 2011 | 109.2 KB | PDF RTF HTML XLS |
January 30, 2011 | October 31, 2010 | |||||||
(Unaudited) | ||||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash and equivalents | $ | 1,085 | $ | 2,017 | ||||
Restricted cash | 1,588 | 3,789 | ||||||
Accounts receivable, net of allowances of $2,948 and $3,063 | 3,710 | 3,409 | ||||||
Income taxes receivable | 2,949 | 2,963 | ||||||
Inventories | 2,756 | 4,285 | ||||||
Prepaid expenses and other | 1,089 | 1,020 | ||||||
13,177 | 17,483 | |||||||
Assets held for sale | 7,273 | 7,718 | ||||||
Bingo equipment, furniture and other equipment, net | 7,669 | 8,379 | ||||||
Goodwill | 10,184 | 10,184 | ||||||
Intangibles, less accumulated amortization of $11,325 and $10,873 | 2,557 | 2,996 | ||||||
$ | 40,860 | $ | 46,760 | |||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
Current liabilities: | ||||||||
Current portion of long-term debt | $ | 25,580 | $ | 27,554 | ||||
Interest rate swap | 939 | 1,185 | ||||||
Accounts payable | 1,315 | 1,659 | ||||||
Accrued payroll and related obligations | 919 | 1,040 | ||||||
Income taxes payable | 1,299 | 1,268 | ||||||
Deferred revenue | 6 | 2,891 | ||||||
Other accrued liabilities | 1,416 | 1,640 | ||||||
31,474 | 37,237 | |||||||
Stockholders’ equity: | ||||||||
Common stock, $0.001 par value: 40,000,000 shares authorized; 14,480,537 shares issued | 14 | 14 | ||||||
Additional paid in capital | 52,237 | 52,154 | ||||||
Accumulated deficit | (30,603 | ) | (30,315 | ) | ||||
Treasury stock, at cost, 2,659,010 and 2,673,844 shares | (12,262 | ) | (12,330 | ) | ||||
9,386 | 9,523 | |||||||
$ | 40,860 | $ | 46,760 | |||||
13-week period ended | ||||||||
January 30, 2011 | January 31, 2010 | |||||||
Net revenues | $ | 10,102 | $ | 8,414 | ||||
Cost of revenues | 4,932 | 3,302 | ||||||
Gross profit | 5,170 | 5,112 | ||||||
Operating expenses: | ||||||||
General and administrative | 1,955 | 2,774 | ||||||
Sales and marketing | 1,824 | 2,641 | ||||||
Research and development | 972 | 1,358 | ||||||
Impairment loss, assets held for sale | 445 | - | ||||||
5,196 | 6,773 | |||||||
Loss from operations | (26 | ) | (1,661 | ) | ||||
Other income (expense): | ||||||||
Interest expense | (387 | ) | (428 | ) | ||||
Other, net | 172 | 467 | ||||||
Loss, before income taxes (benefit) | (241 | ) | (1,622 | ) | ||||
Income taxes (benefit) | 47 | (627 | ) | |||||
Net loss | $ | (288 | ) | $ | (995 | ) | ||
Basic and diluted net loss per share | $ | (0.02 | ) | $ | (0.08 | ) | ||
Shares used in calculating basic and diluted net loss per share | 11,815 | 11,736 |
Common Stock | Additional Paid in | Accumulated | Treasury Stock | |||||||||||||||||||||||||
Shares | Amount | Capital | Earnings (Deficit) | Shares | Amount | Total | ||||||||||||||||||||||
Balances at November 1, 2010 | 14,480,537 | $ | 14 | $ | 52,154 | $ | (30,315 | ) | 2,673,844 | $ | (12,330 | ) | $ | 9,523 | ||||||||||||||
Forfeiture of restricted stock | - | - | - | - | - | - | - | |||||||||||||||||||||
Restricted stock issued | - | - | (68 | ) | - | (14,834 | ) | 68 | - | |||||||||||||||||||
Stock based compensation | - | - | 151 | - | - | - | 151 | |||||||||||||||||||||
Net loss | - | - | - | (288 | ) | - | - | (288 | ) | |||||||||||||||||||
Balances at January 30, 2011 | 14,480,537 | $ | 14 | $ | 52,237 | $ | (30,603 | ) | 2,659,010 | $ | (12,262 | ) | $ | 9,386 | ||||||||||||||
Balances at November 2, 2009 | 14,480,537 | $ | 14 | $ | 51,942 | $ | (9,959 | ) | 2,744,672 | $ | (12,657 | ) | $ | 29,340 | ||||||||||||||
Forfeiture of restricted stock | - | - | (25 | ) | - | - | - | (25 | ) | |||||||||||||||||||
Stock based compensation | - | - | 147 | - | - | - | 147 | |||||||||||||||||||||
Net loss | - | - | - | (995 | ) | - | - | (995 | ) | |||||||||||||||||||
Balances at January 31, 2010 | 14,480,537 | $ | 14 | $ | 52,064 | $ | (10,954 | ) | 2,744,672 | $ | (12,657 | ) | $ | 28,467 | ||||||||||||||
(In thousands, except per share amounts) | ||||||||
13-week period ended | ||||||||
| January 30, 2011 | January 31, 2010 | ||||||
Weighted average number of shares outstanding | 11,815 | 11,736 | ||||||
Incremental shares from the assumed exercise of dilutive stock options | 67 | - | ||||||
Dilutive weighted shares | 11,882 | 11,736 | ||||||
Weighted average number of anti-dilutive shares outstanding | 752 | 279 |
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Disclosure The Wave Team
The Wave Team are all non-paid non-professionals with many years of activity in both short and long term investments. The stocks offered by the wave team are simple suggestions based on extensive research and we remind all those that choose to buy to perform due diligence on each and every stock pick. All WAVE picks are geared towards medium & long term investors so place your buy based on a price that you perceive to be acceptable to your portfolio. Speed is not as critical on the buy as timing based on the L2 and the present price compared to growth potential. As a team we will strive to present the best companies the otcbb has to offer and in time will do the same on the other markets. Due to the volatility of the markets, we do not guarantee all stocks will grow as fast as others. We are a team of analysts, and unfortunately there is not a psychic present at this time. While our picks may present many trading options quickly, it is our goal to find companies that are looking to increase shareholder from a long-term perspective.
Please make your decision to buy or not to buy based on information that you acquire thru your own due diligence.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |
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